Advisors Asset Management Inc. Buys 162,103 Shares of Virtus Convertible & Income Fund II (NYSE:NCZ)

Advisors Asset Management Inc. boosted its position in shares of Virtus Convertible & Income Fund II (NYSE:NCZ) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,093,637 shares of the investment management company’s stock after purchasing an additional 162,103 shares during the period. Advisors Asset Management Inc.’s holdings in Virtus Convertible & Income Fund II were worth $9,683,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NCZ. Commonwealth Equity Services LLC boosted its position in shares of Virtus Convertible & Income Fund II by 11.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 242,479 shares of the investment management company’s stock worth $759,000 after buying an additional 24,720 shares during the period. Raymond James Financial Inc. acquired a new position in Virtus Convertible & Income Fund II during the 4th quarter worth approximately $644,000. SVB Wealth LLC bought a new position in shares of Virtus Convertible & Income Fund II during the 4th quarter worth approximately $79,000. Illumine Investment Management LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter valued at approximately $59,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Virtus Convertible & Income Fund II by 25.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 240,343 shares of the investment management company’s stock worth $752,000 after purchasing an additional 48,163 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Performance

Shares of NCZ opened at $11.69 on Wednesday. Virtus Convertible & Income Fund II has a 12 month low of $10.80 and a 12 month high of $13.44. The firm has a fifty day simple moving average of $12.61 and a 200 day simple moving average of $12.58.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 12.32%. The ex-dividend date of this dividend is Friday, April 11th.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.